Growth, equity, and the environment in Chile: Issues and evidence

Chile has grown at an annual rate of 7% over the past decade. Income distribution, however, deteriorated for the poor and middle class before the economy reached full capacity, when real wages began to rise and unemployment to fall. Growth has been export-led, putting pressure on stocks of native fo...

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Bibliographic Details
Published in:World development 1996-02, Vol.24 (2), p.255-272
Main Authors: Meller, Patricio, O'ryan, Raûl, Solimano, Andrés
Format: Article
Language:English
Subjects:
Chile
Development Policy
Economic aspects
Economic conditions
Economic Development
Economic Growth
Economic stabilization
Economic statistics
ECONOMICS
ENVIRONMENT
Environmental aspects
Environmental Degradation
Environmental impact
Environmental Policy
Environmental Protection
Environmental quality
Fisheries
INCOME DISTRIBUTION
INVESTMENT
Mineral resources
NATURAL RESOURCES
Political Development
Poverty
Sustainable Development
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Summary:Chile has grown at an annual rate of 7% over the past decade. Income distribution, however, deteriorated for the poor and middle class before the economy reached full capacity, when real wages began to rise and unemployment to fall. Growth has been export-led, putting pressure on stocks of native forests and fishery and mining resources. Environmental quality worsened before 1990. Reversing these trends would require extra investments on the order of 1% of GDP over many years.
ISSN:0305-750X
1873-5991
DOI:10.1016/0305-750X(95)00135-Y